How Insurers Would Wind Down If Needed to Avoid Future Bailout July 3, 2014 By Jesse Hamilton and Zachary Tracer American International Group Inc. and Prudential Financial Inc. told regulators they could divest units and halt policy sales to avoid...
After JPMorgan $13B Deal, Banks Seek Protections in Future Bailouts October 24, 2013 By Jessica Toonkel and Jonathan Stempel As the U.S. government closes in on a $13 billion settlement with JPMorgan Chase & Co. over its mortgage practices,...
Commentary: AIG ‘Profits’ an Insult to the Concept December 13, 2012 By James Saft To say taxpayers made money from their investment in AIG is to libel the very concept of profit. Come to...
Former FDIC Chair Bair Reveals Financial Bailout Details in Book September 26, 2012 By Alexandra Alper When Sheila Bair showed up for a meeting in then-Treasury Secretary Hank Paulson’s office in October 2008, the bank regulator...
Treasury Launches $18 Billion AIG Stock Offering September 10, 2012 By David Henry and Soyoung Kim The U.S. Treasury Department said it will sell most of its stake in insurer American International Group Inc., making the...
Fed Chairman Bernanke Defends AIG, Bear Stearns Bailouts April 16, 2012 By Martin Crutsinger Chairman Ben Bernanke said Friday that the Federal Reserve was left with few good options when it stepped in to...
GAO Report Raises Questions About New York Fed in 2008 AIG Bailout November 2, 2011 A new report from the U.S. Government Accounting Office chronicles the government’s handling of AIG bailout in 2008. In all,...
AIG Stock Dips After $8.7 Billion Share Sale by U.S. Treasury May 25, 2011 By Clare Baldwin of American International Group Inc. fell 3.6 percent Wednesday after the insurer and the U.S. Treasury sold $8.7 billion worth...
AIG Busy Investing Its Cash, May Bid on Bonds April 5, 2011 By Adam Tanner Bailed-out insurer American International Group is working hard to invest cash it had set aside for a failed deal to...
No Raise for AIG Chief Benmosche, Others at Bailed Out Firms April 4, 2011 Compensation packages for the chief executives of bailed-out firms American International Group, Ally Financial and General Motors will not increase...